Oil cakes, including rapeseed mustard, are used as feed applications to poultry, fish and swine industry.
It will be a compulsory delivery contract with centres at Jaipur, Alwar, Kota and Sri Ganganagar in Rajasthan.
The transaction charge will be Rs 0.10 per lakh of trade with no risk management fee. Thus, it will be a highly cost effective contract for the trade, the bourse said.
The move will help all stakeholders hedge their price risks and get price signal in a transparent way.
"The addition of rapeseed mustard oil cake to the product basket is aimed at offering an exhaustive and wholesome risk management offering to the market. We look forward to the successful launch of the contract," NCDEX CEO and Managing Director Samir Shah said.
India being among the world's top three producers of mustard seed and one of the leading exporters of deoiled cake, the availability of a national price benchmark will benefit the feed industry.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)